Home » Business » In response to inflation rates, Wall Street opens red – 2024-04-01 09:08:41

In response to inflation rates, Wall Street opens red – 2024-04-01 09:08:41

Wall Street opened this Wednesday in red and the Dow Jones Industrialsits main indicator, fell 0.12%, while investors await comments from the Reserva Federal (Fed) at the end of its monetary policy meeting.

Ten minutes after the trading floor opened, the Dow Jones stood at 39,064 points, and the selective S&P 500 fell 0.06% to 5,175 points.

The composite index of the Nasdaq market, where the main technology companies are listed, fell 0.06%, to 16,156 units.

Investors are awaiting the Federal Reserve’s latest interest rate decision, which it will announce at the end of its two-day policy meeting. Analysts expect the central bank to keep rates unchanged.

Some investors fear that the recent batch of reports on the inflation translates into fewer cuts than the markets anticipate, or perhaps later in time.

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On the other hand, Intel rose more than 3% before the opening of the stock market after it was learned that the United States Government plans to provide the semiconductor company with 8.5 billion dollars in direct financing and another 11 billion in loans to boost the chip manufacturing.

By sector, the greatest increases were for public services (0.3%) and communication (0.22%), while the greatest losses were for the real estate sector (-0.38%) and health (-0.34%).

Among the 30 stocks in the Dow Jones, the gains of Boeing (0,87 %) e Intel (0.73%), and the losses of Caterpillar (-1,19 %) y Merck (-0,54 %). EFE (I)

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